Professional director’s duties in BVI companies
Professional directorship services are par for the course in the administration of companies incorporated in the British Virgin Islands (BVI). As an adjunct to registered office and agent services, fiduciary services providers frequently offer directorship services. These ‘directors’ are invariably corporate directors permissible under the BVI Business Companies Act…
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Cayman Islands Law Update: the Exempted Limited Partnership Bill and the Contracts (Rights of Third Parties) Bill
Following extensive consultation in both the public and private sectors, the Exempted Limited Partnership Bill 2014 was gazetted on 21 February 2014.
The court looked at the issue of whether a stranger to a trust, who dishonestly assists in a breach of trust, is a ‘trustee’ within the meaning of s21(1)(a) of the UK Limitation Act 1980.